The European Central Bank (ECB) has decided to hold the key interest rate at 4%, breaking its record streak of rate hikes as the euro-area economy weakens. ECB President Christine Lagarde stated that inflation is expected to remain high for an extended period, and the region may be in a recession due to weakness outside of Germany. Lagarde also mentioned that the labor market is weakening, with fewer new jobs being created. The ECB's decision to pause rate hikes gives Italy some breathing room. The central bank emphasized that any discussion of rate cuts is premature.
BIG CENTRAL BANKS HIT PAUSE, WITH RATE CUTS FAR OFF (Reuters) On Oct. 26, the European Central Bank snapped a 15-month streak of rate hikes by keeping borrowing costs on hold at a record high, echoing the recent actions of the Federal Reserve and the Bank of England. https://t.co/yKsGnYD9es
LAGARDE COMMENTS AT ECB PRESS CONFERENCE (Reuters) The European Central Bank left interest rates unchanged as expected on Thursday, snapping an unprecedented streak of 10 consecutive rate hikes, and maintained its guidance which signals steady policy ahead. https://t.co/UV9kM8hzoI
The European Central Bank kept interest rates on hold while insisting that any talk of rate cuts was premature https://t.co/VqWmaInyqh https://t.co/zJEwnXRUlB
TRADERS BOOST BETS FED WILL KEEP RATES ON HOLD THIS YEAR (Reuters) Despite a stronger-than-expected reading for third-quarter U.S. economic growth, traders on Thursday added to bets the Fed will keep policy on hold through this year and will begin interest rate cuts in mid-2024. https://t.co/etlbUg0AJy
ECB PAUSES RECORD STREAK OF RATE HIKES (Reuters) The European Central Bank broke the longest streak of interest rate rises in its 25-year history on Thursday, as slowing inflation continued to point to an eventual drop towards its 2% target and the bloc's economy deteriorates. https://t.co/fcFuKSLkNJ
The European Central Bank kept interest rates on hold while insisting that any talk of rate cuts was premature https://t.co/CV2FE3XX9O https://t.co/D6PU4ZNNFx
The ECB's first pause in interest-rate hikes since June 2022 gives Italy some breathing room https://t.co/CHX7lIYY0M
ECB breaks record streak of rate hikes as economy weakens https://t.co/d4G6iMSwrx
Big central banks hit pause, with rate cuts far off https://t.co/MAHKK5aodH https://t.co/FavhFlPdoG
The ECB's first pause in interest-rate hikes since June 2022 gives Italy some breathing room https://t.co/85WruK3SHk
The ECB's first pause in interest-rate hikes since June 2022 gives Italy some breathing room https://t.co/Fj8YXJ4bH4
The ECB holds rates for first time in more than a year https://t.co/7lW9Y7sIGU
The ECB holds rates for first time in more than a year. https://t.co/TxYHIMbbgq
The ECB holds rates for first time in more than a year. https://t.co/yPK51OQNds
ECB President Christine Lagarde says the euro-area economy is likely to remain weak for the remainder of this year and risks to economic growth are tilted to the downside https://t.co/3q5rIQMi7Y https://t.co/NE3XIodQFI
"Even having a discussion on cut is totally, totally premature" ECB President Christine Lagarde responds to a question on when the central bank will start cutting interest rates https://t.co/0iSEODOoG4 https://t.co/nfTzcL83GJ
🔴 ECB'S PRESIDENT LAGARDE CONCLUDES THE ECB PRESS CONFERENCE.
🔴 ECB'S PRESIDENT LAGARDE: I AM NOT GOING TO SAY WE ARE AT PEAK RATES.
🇪🇺 ECB'S LAGARDE: NOT GOING TO SAY WE ARE AT PEAK RATES
🔴 ECB'S PRESIDENT LAGARDE: GROWTH HAS WEAKENED AND PMI IS NOT INDICATIVE OF VIGOUR.
🔴 ECB'S PRESIDENT LAGARDE: WE DON'T HAVE A PURPOSE TO SHOW PROFITS OR COVER LOSSES.
🇪🇺 ECB LAGARDE: THE FACT THAT WE ARE HOLDING DOESN'T MEAN WE WON'T HIKE AGAIN
ECB President Lagarde says there are signs the labor market is weakening, and fewer new jobs are created https://t.co/Mzb8EJVuST https://t.co/ZyTy82NKnG
🔴 ECB'S PRESIDENT LAGARDE: THE RISE IN YIELDS IS A SPILLOVER WE TAKE INTO ACCOUNT AND HELPS BRING INFLATION DOWN.
🇪🇺 ECB'S LAGARDE: DEBATE ON RATE CUTS PREMATURE
🔴 ECB'S PRESIDENT LAGARDE: THE DEBATE ON RATE CUTS IS PREMATURE.
🔴 ECB'S PRESIDENT LAGARDE: NOW IS NOT THE TIME FOR FORWARD GUIDANCE.
Watch live: ECB President Christine Lagarde speaks after opting to hold rates https://t.co/wnZIRT0ZpB
🔴 ECB'S PRESIDENT LAGARDE: WE DID NOT DISCUSS THE REMUNERATION OF RESERVES.
Euro-area economy is likely to remain weak for the rest of this year, ECB President Lagarde says Subdued foreign demand and tighter financing conditions are hurting investment and consumer spending, Lagarde adds https://t.co/Mzb8EJVuST https://t.co/C7PABG3FHh
🔴 ECB'S PRESIDENT LAGARDE: CREDIT DYNAMICS HAVE WEAKENED FURTHER.
🇪🇺 ECB'S LAGARDE: ECONOMY TO REAMIN WEAK FOR REST OF THE YEAR
"Inflation is still expected to stay too high for too long," European Central Bank President Christine Lagarde says after policy decision to keep rates unchanged https://t.co/Mzb8EJVuST https://t.co/7cqtZgccYQ
🔴 ECB'S PRESIDENT LAGARDE: THERE ARE SIGNS THAT THE LABOUR MARKET IS WEAKENING.
🔴 ECB'S PRESIDENT LAGARDE: SUBDUED DEMAND AND TIGHTER FINANCING DAMP CONSUMPTION.
ECB breaks record streak of rate hikes as economy weakens. European Central Bank president Christine Lagarde speaks to reporters following the Governing Council's monetary policy meeting in Athens, Greece https://t.co/y0ZhWBgaiB https://t.co/4JTceCmuW1
ECB breaks record streak of rate hikes as economy weakens https://t.co/FeN8aLqvXq https://t.co/teGpcEqNaI
ECB Leaves Key Rates On Hold https://t.co/nsbUOwCp85
ECB holds key interest rate at 4 per cent https://t.co/Nj8Y1vIjjH
🔴 ECB: RATE LEVEL MUST BE MAINTAINED FOR SUFFICIENTLY LONG TIME.
🇪🇺 @ECB keeps policy rates steady ⚠️"Considers that the key ECB interest rates are at levels that, maintained for a sufficiently long duration, will make a substantial contribution to the timely return of #inflation to the 2% target" https://t.co/Y99nLUozmU https://t.co/YMlGIj0eu6
🔴 ECB: INFLATION IS STILL EXPECTED TO STAY TOO HIGH FOR TOO LONG, AND DOMESTIC PRICE PRESSURES REMAIN STRONG.
🇪🇺 ECB: INFLATION SET TO BE TOO HIGH FOR TOO LONG
ECB DEPOSIT RATE ACTUAL 4% (FORECAST 4%, PREVIOUS 4.00%)
ECB INTEREST RATE ACTUAL 4.5% (FORECAST 4.5%, PREVIOUS 4.50%)
*ECB LEAVES DEPOSIT FACILITY RATE AT 4.00%; EST. 4.00%
ECB to hold rates but may discuss quicker bond run-off - Reuters https://t.co/kTQuaiPcwO
The European central bank will pause rate hikes due to the Middle East conflict impacting the economy https://t.co/5t5JK7hpgA https://t.co/RzThFQPQkq
It's ECB rate decision day — here's what to expect https://t.co/fgX35PKdXe
ECB to hold rates but may discuss quicker bond portfolio run off https://t.co/D3UXw4zBkd https://t.co/5Sf5Qh7utB
The ECB is expected to keep policy unchanged for the first time since July 2022. https://t.co/3XJtRN4VNF
Germany may be showing signs of stabilization, but weakness elsewhere in the euro zone may mean the region is in a recession, Barclays economist Silvia Ardagna says https://t.co/oB5QI3MG1U
Germany may be showing signs of stabilization, but weakness elsewhere in the euro zone may mean the region is in a recession, Barclays economist Silvia Ardagna says https://t.co/55rZQglotR
Germany may be showing signs of stabilization, but weakness elsewhere in the euro zone may mean the region is in a recession, Barclays economist Silvia Ardagna says https://t.co/wVDr3XigOE
BoE likely to keep high rates on hold even as signs of slowdown mount - Reuters https://t.co/KYtgBJAQuO
German business sentiment improves but recession fears remain https://t.co/HmwFyQJ4J5 https://t.co/BaxgUaoZjC